White Oak Partners Initiates the Acquisition of
Converter Accessory Corporation by Industrial Growth Partners and its Portfolio
Company Double E Company

July 8, 2025

White Oak Partners initiated the add-on acquisition of Converter Accessory Corporation by Industrial Growth Partners and its portfolio company Double E Company.

Converter Accessory Corporation (CAC) specializes in web handling equipment for converters and OEMs, delivering industry-standard solutions in wrinkle removal, trim collection, and air shafts with the WrinkleSTOP, Fox TrimAway, and COR-LOK brands. With a reputation for technical excellence and responsive service, CAC has been a trusted name in the converting space for decades.

The Double E Group is a global leader in the manufacturing of critical converting and material handling products, offering comprehensive solutions to a variety of industries. Known for its innovative designs and commitment to quality, the Double E Group serves as a trusted partner for businesses around the world.

Industrial Growth Partners is a San Francisco-based specialist private investment partnership focused exclusively on acquiring middle-market industrial businesses. Since its inception in 1997, they have raised $3.4 billion in equity capital across six funds and have successfully invested alongside management in over forty platform transactions. Over that period, they have adhered to a consistent approach, focused on building global, market-leading industrial companies.